Individual Income Tax Act of 1944
This article needs additional citations for verification. (July 2013) (Learn how and when to remove this template message)
The Act also amended section 22 of the Internal Revenue Code of 1939 to provide a definition for "adjusted gross income".
It standardized the value of personal exemptions at $500 per person for those with adjusted gross income of $5,000 or more.
The provisions of the Act were generally effective for tax years that began after December 31, 1943.
- See generally Act, sec. 4.
- Act, sec. 6(a).
- Act sec. 8.
- Act sec. 9(a).
- Act, sec. 2.